Manulife Investment Management has announced plans for a $30 million redevelopment of Manulife Place in the heart of Edmonton’s downtown core.
With construction commencing in mid-2020, the 36-storey office and retail tower will include a modernization of the exterior façade with multi-level transparent glazing new signage.
A repositioning of the retail storefronts to the exterior of the centre will extend the shopping experience outwards, and the interior will be refreshed with new porcelain flooring and LED lighting, with additional communal spaces.
A 45,000 square foot rooftop terrace will also be constructed, providing an acre of fully-landscaped parkland —an amenity that is exclusive to Manulife Place.
“The city of Edmonton is undergoing a renaissance that will breathe life into its downtown service and amenity offerings,” said Ted Willcocks, Manulife Invesment Management’s Global Head of Asset Management, Real Estate. “The repositioning of Manulife Place is integral to this evolution and we are excited to be a part of redefining the community.”
Manulife Place currently encompasses 745,000 square feet of office and 103,000 square feet of retail space. Longstanding retailers such as Vandenberg’s Jewellers, Blu’s, Jamiesons Opticians and Henry Singer occupy the landmark tower.
Manulife Place is prominently connected to the city’s business community and will soon be accessible via the LRT’s Southeast Valley Line.
In 2018, Manulife Place was the first in Edmonton to receive its Wired Gold Certification for its best in class building connectivity. It is also BOMA BEST Certified and, most recently, received its LEED EB Gold recertification.